Michael Snyder
Economic Collapse

You better get ready, because there are a whole host of signs that economic trouble is on the horizon.  U.S. economic growth slipped into negative territory during the fourth quarter of 2012.  That was the first time that has happened in more than three years.  Several important measures of manufacturing activity have also contracted in recent weeks, and consumer confidence is way down. Read More

The US economy unexpectedly took its biggest plunge in more than three years last quarter, contracting at an annual rate of 0.1 percent and indicating a new level of vulnerability for the economy. Read More

We noticed the first signs that the economy was beginning to soften about three months ago. Now the evidence of a slowdown has become so overwhelming that it is difficult to avoid the conclusion that we are headed for a recession. We cite the following as evidence. Read More

Private payroll growth accelerated only slightly last month and claims for jobless benefits rose last week, suggesting the U.S. labor market recovery was stalling after a strong performance early in the year. Read More

By Paul Kiel
ProPublica

This post has been updated to clarify Virginia’s use of its settlement funds. Read More

By Michael Snyder
The Economic Collapse

Why isn’t the U.S. economy in a depression right now?  The number one reason is because the federal government has stolen more than five trillion dollars from future generations since Barack Obama was elected and has used that money to pump up our grossly inflated standard of living. Read More

By BBC News

The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012. A sharp fall in construction output was behind the surprise contraction, the Office for National Statistics said. Read More

Double dip recessions, falling home prices, mortgage foreclosures, high unemployment, tight oil supply and rising sovereign debt are today’s news. What does tomorrow hold for us? By examining today’s news we can look at one possible scenario and the future isn’t pretty. Read More

By Simone Foxman
Business Insider

Negotiations between Greece and its creditors about the terms of an orderly Greek restructuring appear to have stalled in Athens, amid troika adamance that the country accept even more dramatic austerity measures in return for the aid they are expected to receive as part of a second bailout Read More

Or Face A ‘Great Depression’ Later

The writers at Market-Watch are extremely wrong when it comes to this ‘Good Depression’.. We already experienced a Recession and they state we need to experience a “Good Depression” now before it can get any better.. How about no depression!! But don’t forget we have to pay interest on every dollar that is borrowed.. Our government never disclosed who the recipients of the Bail-Out money was.. Read More

#20 Dayton, OH

Gross metro product since peak: -6.9%
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Did you think the ‘recession’ was bad?! Trust me that was only the beginning of a gloomy future for the United States and the global economy.. The dollar is crashing, wall-street is scared and the government is trying to cover-up everything it can… People need to wake up! Remember when the government said the recession would be over in within two years? Well that was a big lie; it’s only getting worse and there is nothing that we can do! Start buying Gold and Silver, Stock up on Food and Supplies and get out of America while you still can! Things have to get way worse before they can get any better.. Read More